The deal also includes exemptions to the global minimum tax for firms with certain amounts of payroll and “tangible assets,” or physical structures, in those countries. Those ideas make sense in principle, because the purpose of the agreement is to discourage “artificial” tax shifting of profits on paper. But in the long-run, some tax experts say, it could provide an avenue to maintain relatively lower taxes on corporations. The agreement sets out a 10-year period to adopt the measure, another concession to nations worried that implementing it more quickly could disrupt private industry.
Source Article from https://www.washingtonpost.com/us-policy/2021/10/31/global-minimum-tax-g20/
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